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Non-Tech : Tyco International Limited (TYC)

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To: Clay Takaya who wrote (1906)3/24/2000 12:27:00 PM
From: Alan Casey  Read Replies (1) of 3770
 
I am long Tyco, but

IPO of a sub will not provide cash to Tyco, unless they also offer some of their shares through a secondary distribution; and

Most holding companies trade at a significant discount to the intrinsic value of their holdings.

Just trying to damper the euphoria, but not extinguish it. Market is finally seeing what a great company Tyco is.
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